Earlier this month, the Finance Minister of India proposed the 2020 budget to be effective from April 1, 2020. One…

Just as US corporations must file a US corporate tax return, so must a foreign corporation file a US corporate…

The Internal Revenue Service (IRS) is continuing to increase its focus on cross border transactions and their reporting requirements. While…

The IRS recently announced a new area of focus under its issue-based audit strategy program focusing on Internal Revenue Code…

On July 23, 2020, the Department of the Treasury and the Internal Revenue Service (collectively, Treasury) published in the Federal…

In early November 2020, the IRS updated the terms of the Delinquent International Information Return Submission Procedures (Procedures). The Procedures…

Since 1970, U.S. residents and citizens who maintained bank accounts in foreign countries have been required to disclose these holdings…